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Health Savings Account

Pay for out-of-pocket healthcare expenses or save for future healthcare expenses… all tax-free!

  • $50.00 minimum deposit to open
  • No minimum balance requirements
  • Interest bearing account
  • Free debit card
  • Free online banking with free bill pay
  • Free online statements

Adults who qualify:

  • Have medical insurance coverage in a qualified High Deductible Health Plan
  • Are not covered under any other health insurance
  • Are not enrolled in Medicare
  • Are not claimed as a dependent on someone else's taxes

For more information on contribution limits and qualified medical expenses, please visit IRS wesbite: www.irs.gov

 

Health Savings Accounts are individual accounts and subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties.  Consult your tax advisor.  See deposit account agreement and fee schedule for additional details.